The company reported standalone net loss during the quarter stood at Rs 78.57 crore as compared to net loss of Rs 70.66 crore in the previous year quarter.
Net revenue of the company declined substantially by 25.73 per cent at Rs 12.96 crore in January-March quarter of this fiscal as against Rs 17.45 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 13.68 per cent to Rs 81.53 crore from Rs 94.45 crore in year ago period.
Other Income grew by 7.35 per cent at Rs 13.43 crore versus (Mar'24 Rs 12.51 crore).
Operating Profit slipped by 10.95 per cent to Rs -68.57 crore as against Rs -77.00 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 19.90 per cent in March quarter.
Interest grew by 0.14 per cent y-o-y to Rs 28.43 crore, while Taxation decreased by 76.27 per cent at Rs -5.35 crore (Mar'24 Rs -22.55 crore).